DPM Wong: Cutting GST will increase business cost in SGP

last SG · 2009-12-11T20:44:57+00:00

Malaysia: GST Bill tabled, fierce debates expectedDecember 16, 2009By Syed Jaymal Zahiid from The Malaysian InsiderThe government today tabled a law to intro...

angel7030 SG

Some assumed Intellect people are peoples who suffocated themselve at time just to hold on to egotism n pride, which to me, is worth nothing but shit.

Googooboyy SG

Not too sure if GST will affect businesses but surely the effect varies. Some businesses, especially non GST Registered ones, may incur savings instead of expenses as a results.

About the added costs of companies incurring costs to having to adapt a change in the system, well it's only a one-off cost, which ends once the system is up and running again. If there's any additional system change/adapting costs, as suggested by Mr Wong, then I certainly can't see it.

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Yes, GST helps the poor, only if it's viewed on the broader long run. Govt gets the supplement to provide amenities and subsidies for the families of the lower income band to engage on.

Indeed a $10 item will cost $10.70, seventy cents more, and that's a lot of expenditure in the long run, but subsidies for them at least offers a little bit of respite.

Of course if anyone spending $1000 on an item will suffer a $70 GST, but the poor don't necessarily spend that amount, thus they don't suffer such a big 'compulsary donation'. Anyway, if anyone can afford to lavishly spend $1000, they shouldn't be complaining about GST already.

angel7030 SG

well, the problem is alot of those middle class are attracted by the rich class kind of lifestyle, ending up them being ever paying loans and taxes, guess these are group who are as usual complaining, grumbling and never stop blaming. In fact, at the two extremes of the poorest and richiest, there is no problem.

Gattlinggun80 SG

..........MAKE SENSE…....U SOUND IMPRACTICAL AND UNAWARE OF THE REAL WORLD.IF PEOPLE THOUGHT LIKE U….....WE WOULD JUST END UP BECOMING LLIKE INDIA DECADES AGO.

deepak.c SG

Not too sure if GST will affect businesses but surely the effect varies. Some businesses, especially non GST Registered ones, may incur savings instead of expenses as a results.

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Yes, GST helps the poor, only if it's viewed on the broader long run. Govt gets the supplement to provide amenities and subsidies for the families of the lower income band to engage on.

Indeed a $10 item will cost $10.70, seventy cents more, and that's a lot of expenditure in the long run, but subsidies for them at least offers a little bit of respite.

Let me guess.

Student.

greengoblin SG

By Gabriel Chen Dec 8, 2009

On the calls for slashing the GST rate, Mr Wong said such a move might actually raise business costs, as companies would have to change their systems to adjust to a new GST rate.

Copied from CNA forum

Please give in to me this moment of selfishness

*Take off Moderator Hat*

THIS IS SO DAMN STUPID!!! Gosh what is the world coming to...mocking our intelligence...sheezh

*Pull on Moderator Hat*

Fantagf SG

I believe cutting GST does not suit that particular party's agenda. No need give stupid excuse if they refuse to cut GST to lower the living costs during this recession for the people. Pay them so much to talk crap, illogical.

Shorty should have automatically resigned long ago. He is one of the many ministers whose credibility many people are in doubt.

soul_rage SG

i believe if you shop at NTUC or Sheng Siong there is no Gst, but if you shop your necessities at up town Market place, Taka, Metro, Cold storage...then you get the paid Gst. Let me give u a scenario, Ah Huat is a workers earning 2k per month, Angel is a CEO, earning 15k per month. Ah Huat goes to NTUC, a walking distance from his house to buy his neccessities, Angel goes to Takashimaya to do her shopping, every month Ah Huat spent about $200 with no Gst at NTUC, Angel also spent $200 but with Gst of $14, Car parking $20, Petrol $10, ERP $6, Car depreciation $20 car insurance..road tax etc etc which total up to about $260. And yet when i comes to rebates, Ah Huat get full rebates of $300 Gst rebates and other govt rebates of $600, totally $900. And Angel get nothing if she is consider as the upper rich, yet she is been taxed both on income and public spending. In the end, govt used Angel tax to create job credits so that company do not retrench workers, free education and upgrading for Singaporeans at e2i or learning Hub, bursaries, back to school voucher, transport vouchers, Power Supply offset vouchers, linkpoints for NTUC shopping, rebate of 5% for NTUC shopper..etc etc. And Angel get nothing but pay and pay.

Therefore, Ah Huat gained from Gst, if only he knows how to be thrift about his spending and not anyhow go and spent on clubs or gals or lotteries, that is why govt keep telling people, to spend within your means, you will not lose out.

NTUC does not have GST??? Hello, have you just arrived in Singapore?

soul_rage SG

They say it's too troublesome, but it's not troublesome to receive the multi-million dollar salaries.

Strange that they say it's troublesome, yet they have zero-rating and exempt, isn't it troublesome to implement as well.

Australia exempts basic food items, medication and books from GST. But Singapore PAP government wants to help the poor, so they implement GST for all items.

I give you a scenario

I am a process expert in an organization. One day, my boss comes up to me and say, "Mr so-and-so, we need to implement this new process for the business"

And I say "Boss, sorry cannot, too troublesome to implement"

Do you think I will get fired or not, since it's MY JOB to get a process setup?

If other countries can implement staggered taxes, there is no excuse from our govt. After all, our personal income tax is a staggered income tax. They can use that system as a foundation to build the staggered GST.

soul_rage SG

Please give in to me this moment of selfishness

*Take off Moderator Hat*

THIS IS SO DAMN STUPID!!! Gosh what is the world coming to...mocking our intelligence...sheezh

*Pull on Moderator Hat*

Fantagf SG

NTUC does not have GST??? Hello, have you just arrived in Singapore?

I doubt she he shops at NTUC. If she he does, he she must be shopping blindly.

angel7030 SG

NTUC does not have GST??? Hello, have you just arrived in Singapore?

They have, but once awhile, they absorb Gst if the economy is down, I shop there many times, NTUC always give me free vouchers, I also got discount vouchers, you have to rub shoulder with those guys on the top ya. Last time, i shop at cold storage, a month spent about $1000 which my Dad give me every month for essential and groceries items, today, at NTUC i spent $300 can already. But of course you have to bear to shop with bangala, PRC and some poor singaporeans whereas uptown supermarket are more classy.

Then i took the remaining $700 to book my spa, cosmetic and slimming appointment.

angel7030 SG

I give you a scenario

I am a process expert in an organization. One day, my boss comes up to me and say, "Mr so-and-so, we need to implement this new process for the business"

And I say "Boss, sorry cannot, too troublesome to implement"

Do you think I will get fired or not, since it's MY JOB to get a process setup?

You are sure to get fire, if not remain as cold turkey. Bosses dun like to listen to No and cannot, they want solution, even if you cannot implement, gives your reason and other alternatives, otherwise, you are history

Agenda SG

Then i took the remaining $700 to book my spa, cosmetic and slimming appointment.

Oh, now it's once in awhile? Is it a habit for you change story or do you just type rubbish as you please?

Why don't cut short your stories and get to the real point, as you like to say.. ya?

Fantagf SG

Then i took the remaining $700 to book my spa, cosmetic and slimming appointment.

NO need to post crap beat around the bush to boast to us you are rich.

YOu are downright shallow, childish, brain dead! Here is not a place for you, you should move to the playground.

Itedino SG

Wong topic issit

DPM Wong: Cutting GST will increase business cost in SGP

SHOULD BE

DPM Wong: Cutting GST will not increase me and my boss(LKY) Salary in SGP

angel7030 SG

Wong topic issit

DPM Wong: Cutting GST will increase business cost in SGP

SHOULD BE

DPM Wong: Cutting GST will not increase me and my boss(LKY) Salary in SGP

DPM Wong could be right, in Singapore we had cut Corporate tax from 33% to about 20%, this to attract FDI and MNC here, and was done in a staggered pattern, then to recover the lost, Govt instill GST from 3% to current 7%, so if Gst is to reduce, Corpoarte tax may go up again, leading to high business cost. Hope all is clear.

soul_rage SG

Then i took the remaining $700 to book my spa, cosmetic and slimming appointment.

*shakes head*

One thing I will say you are good, you are very good at lying. Everytime you get caught, you try all sorts of methods to wriggle yourself out.

Fantagf SG

*shakes head*

One thing I will say you are good, you are very good at lying. Everytime you get caught, you try all sorts of methods to wriggle yourself out.

Hee hee hee, this fellow is sneaky. Whenever he she runs out of reply, he she will give excuse like go out for tea, go buy food, go shopping, go work to evade.

Its intentions to come here to disrupt discussions, boast to us how rich she he is, and show us how shallow, childish he she is.

Chew Bakar SG

Hee hee hee, this fellow is sneaky. Whenever he she runs out of reply, he she will give excuse like go out for tea, go buy food, go shopping, go work to evade.

Its intentions to come here to disrupt discussions, boast to us how rich she he is, and show us how shallow, childish he she is.

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